Price trend:
According to the commodity market analysis system of SunSirs, the price of sodium metabisulfite in China rose this week. The average price of industrial grade sodium metabisulfite was 1,986 RMB/ton at the beginning of the week and 2,066 RMB/ton at the end of the week, an increase of 4.03%.
Market Analysis
This week, the domestic market price of industrial-grade sodium metabisulfite (96.5% purity) rose. The price of soda ash, an upstream raw material for sodium metabisulfite, remained stable, while the price of sulfur rose by 1.54% and the price of caprolactam, a downstream raw material, rose by 2.33%. The price of sulfur, an upstream raw material, is expected to continue rising, and soda ash is also trending upward, leading to a sharp increase in costs.
Market Forecast:
The cost of sodium metabisulfite in China has risen sharply, and the domestic market price is expected to fluctuate with a slightly upward trend in the short term.
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